Price Guide Posts

Millions of items coming to hobbyDB from our newest partner, Heritage Auctions!

We are super excited about working together with Heritage Auctions, here the official press release text  –

Heritage Auctions and hobbyDB to Bring Vast
Collecting Archives to the Masses

DALLAS, Texas (November 14, 2019) – Heritage Auctions, the world’s largest collectibles auctioneer is helping collector site hobbyDB document and provide values for every collector.

Designed to become the ultimate crowd-sourced database for collecting, hobbyDB offers the ability to research, track, value, buy and sell collectible objects. Collectors from around the world already come to hobbyDB to research and acquire everything from Golden Age comics to Porsche posters to Tiffany Glass and beyond.

Now, to the delight of hobbyDB’s millions of visitors, the hobbyDB database will be boosted by over 5 million past lots previously sold at Heritage Auctions.

“As a collector myself, I believe that hobbyDB could be exactly what the collectibles world needs,” said Heritage Auctions Co-Chairman Jim Halperin. “We’re delighted to support their ambitious goal to eventually index and document 100 billion collectibles in the most accessible way.”

Since launching in 2014, hobbyDB has become home to over 605,000 collectors, growing its user base 94% in the last 12 months alone. hobbyDB’s combined collections now have a total value of $624 million, and its database will increase roughly tenfold with the gradual addition of Heritage’s archive.

“Heritage Auctions is No. 1 for many areas of collectibles, so we are very excited about this alliance,” commented hobbyDB CEO Christian Braun, “We know that by working together, we’ll be able to bring their data to the widest possible audience and get even closer to becoming the ultimate resource for collectors worldwide.”

About Heritage Auctions

Heritage Auctions is by far the largest fine art and collectibles auction house founded in the United States, as well as the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong. The Internet’s most popular auction-house website, www.HA.com, has over 1,250,000 registered bidder-members and searchable free archives of over five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.

 

 

In our books, Heritage is our biggest possible auction house partner. Different from Christie’s and Sotheby’s, Heritage is focused on what we are focused on – collectibles. They are also courteous, diligent, professional and overall a perfect ally.  Here some of the cool items they have auctioned  –

From left to right – a Patek Philippe Yellow Gold Automatic Perpetual Calendar Minute Repeating Wristwatch With Moon Phases sold for $322,500, a Dracula Poster, Universal from 1931 sold for $525,800, a 1913 Liberty Nickel, PR64 NGC CAC sold for $3,290,000, a copy of Detective Comics #27, DC, 1939 sold for $1,075,500 and a Hermès 30cm Matte Gris Cendre Himalayan Nilo Crocodile Birkin Bag with Palladium Hardware sold for $112,500!

Soon you will be able to find these and many more items on hobbyDB!

hobbyDB recognized as the most reliable Funko pricing resource

As many of you know, pricing is at the core of what we do. Providing trending values to people who collect all sorts of items from different fandoms is a passion of ours, as we know how important it is to understand the value of one’s collection. It is for that very reason that we are very excited to announce that Funko has recognized hobbyDB as the most trusted resource when it comes to providing estimated values to their community.

 

Through their all-new app experience, you’ll notice that all value estimates are provided by our Funko-focused brand, Pop Price Guide (or in short PPG).

The hobbyDB team will continue to make estimated values a top priority and are excited to announce more collectible brand partnerships in the coming months (stay tuned to our blog for announcements). Please read the Official Release about the Funko app here and about our approach to building the best price guide possible here.

Arrrrrr! Are There Treasure Hunts in Your Booty? Find Their Values on hobbyDB Now!

Treasure is usually hidden, but thanks to our price guide, its value won’t be – at least, not if it’s the Hot Wheels kind!

Over the last few months, we’ve been working hard to make our price guide a one-of-a-kind resource and today marks an exciting milestone. As well as our Expert Valuations, we’re now calculating values from a variety of sources with the aim of providing the most accurate pricing information for every collectible in the database. First up: Hot Wheels Treasure Hunts!

We’re now displaying calculated values for all of the Treasure Hunts U.S. cards and are working on finishing the values for international long and short cards and sets. As well as being able to check out what your Hunts are worth, we think you’ll be fascinated to see the range of values, from $2 to more than $500 and which ones are the most desirable! Hint; it’s not always the ones you’d think!

Ever wanted to know how much the TV Series Batmobile is worth? Now you can easily find out –

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How about that sweet Dairy Delivery Treasure Hunt – a cool $16.76

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And what about the super cool Cruise Bruiser Treasure Hunt – valued at $22.41

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What’s the value of your favorite Treasure Hunt? For a full explanation of the price guide methodology click here. Interested in getting involved? Contact us to figure out how you can help build out the most accurate collectible price guide in the world!

 

Vision for the hobbyDB Value Guide

Vintage Price SignsThe hobbyDB Value Guide will be the most up-to-date and accurate on the net, primarily because we plan for it to be drawn from the most comprehensive range of data sources possible and to have it updated by many stakeholders in real time.

Our data sources will be:

Expert Opinion
As a jumping-off point, we’ll be using the opinions of leading brand and sector specialists (some of whom you’ll find as members of our Advisory Council) to get the price guide off to the best start possible. We’ve already introduced the ability for experts to add value information to items for examples of that item which are in perfect condition in and out of the packaging. We are adding the ability to add prices from printed price guide including the title and date of publication. These expert views will be used to set a baseline, which will then be enhanced as we introduce other factors into the mix.

On-site Transactions
As the hobbyDB marketplace grows, so too will our repository of pricing data.We retain details of the price and condition of every item which sells on hobbyDB – something we designed into the site from the start. This will allow us to aggregate the prices into averages and track these over time, opening up a wealth of pricing data possibilities; users will be able to viewall-timee highs and lows an item, see how the values have risen or fallen over time and get an up-to-the-minute value for the item in any condition.

Off-site Transactions
We’re always aware that some people will still be trading on other platforms besides hobbyDB (until they see the error of their ways!) and in real-world situations like toy fairs and shops.To accommodate this data, we plan to allow experts and buyers/sellers to enter values and conditions from offsite sales that they’ve verified or been a part of respectively. Users will then be able to view value information that includes these offsite sales or which is solely calculated on the basis of hobbyDB sales. We are also looking into the potential of scraping data from third party sites if they allow that – although this can present issues when it comes to matching item conditions.

Nudging
We’re aware that sometimes users may simply feel that, however many factual data sources pricing information is derived from, it simply may not reflect their buying/selling experiences or what they’ve seen. As such, we plan to allow for “nudging,” whereby users can “nudge up” or “nudge down” prices. Of course, we’re also awar ofe how open to abuse this could be, so limits will be in place on how many times a user can nudge a price for an individual item, details of nudges and their nudgers will be displayed prominently, and you’ll have the ability to view un-nudged pricing data too, of course.

hobbyDB Collectible Stats
With records of how many hobbyDB users own a particular item, in what conditions and how many other users have it on their want lists, we’ll be able to generate stats for rarity and desirability. But for items which are very rare and have no sales records, or very limited data, we can use these stats to create estimated values by looking at variants of these items – or other similar items if there are no variants – and combining this information with the number of “wants”.

Lastly, all of this will have to be displayed in an easy to understand fashion and should work well on small screens (think mobiles).  We love to hear your opinions and ideas in the comment section here below and might occasionally update this vision post.